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American Express Raises 2026 Profit Forecast as Affluent Customers Keep Spending

Affluent cardholders drove 8% growth in billed business and a 9% rise in revenue, while adjusted profit climbed to $4.68 per share.

Summary by WTVB
Oct 23 (Reuters) – American Express raised its profit forecast for 2026 on Friday after reporting strong third-quarter results as its affluent customers swiped their cards to pay for ​travel, dining out and shopping. By targeting consumers with high ‌credit scores and more disposable income, the credit card giant has built a moat around its business to keep broader economic slowdowns and uncertainty at bay. Billed business, a measure of total sp…

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American Express in charts: Q3 network volumes +8%, provisions for credit losses -23% Y/Y

American Express in charts: Q3 network volumes +8%, provisions for credit losses -23% Y/Y

·Ra'anana, Israel
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ReutersReuters
+2 Reposted by 2 other sources
Center

American Express raises 2026 profit forecast as affluent customers keep ...

·London, United Kingdom
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insider.grinsider.gr

American Express Raises 2026 Profit Forecast, Boosted by Affluent Consumer Spending

American Express is raising its annual profit forecast as affluent consumers spend more on premium credit cards.

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BizTocBizToc

American Express Raises Profit Outlook on Increased Member Spending

American Express raised its full-year earnings forecast to between $18.30 and $18.60 a share as customer spending continues to rise.

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teleborsa.itteleborsa.it

Original News American Express Revises to the Rise the Estimates of Profit 2026 After Solid Third Trimester

(Teleborsa) - American Express, a US payment giant, recorded a net profit of 3.7 billion dollars in the third quarter of 2026, compared to 2.9 billion dollars of the same period...

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WTVB broke the news on Friday, October 23, 2026.
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